Bombardier (OTCMKTS:BDRBF) Releases Earnings Results, Beats Expectations By $1.18 EPS

Bombardier (OTCMKTS:BDRBF) released its quarterly earnings data on Thursday. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.32 by $1.18, Zacks reports. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%.

Bombardier Stock Down 8.6%

Shares of BDRBF stock traded down $21.89 during trading hours on Thursday, reaching $232.35. 5,695 shares of the company’s stock were exchanged, compared to its average volume of 22,087. Bombardier has a fifty-two week low of $103.87 and a fifty-two week high of $269.94. The stock has a market capitalization of $22.92 billion and a P/E ratio of 35.15. The business has a fifty day moving average price of $230.28 and a 200-day moving average price of $202.31.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, May 1st. Desjardins restated a “buy” rating on shares of Bombardier in a research report on Friday, May 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research report on Friday, May 29th. Scotiabank restated an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Bombardier in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $263.00.

Bombardier Company Profile

Bombardier Inc is a Canadian multinational manufacturer specializing in business aircraft. Founded in 1942 by Joseph-Armand Bombardier and headquartered in Montréal, Québec, the company has evolved from its origins in snow vehicles to a focused aviation enterprise. Today, Bombardier designs, manufactures and markets a range of business jets under the Learjet, Challenger and Global series, serving corporate, government and private customers worldwide.

The company’s product portfolio includes light, mid-size and large-cabin jets, complemented by completion, refurbishment and aftermarket support services.